KCN (ASX) November production --&gt; was it really + 5,700 ounces ????

Originally posted by LoveGod: ↑

The lovegod has herd on the grapevine Quarterly report early next week !

Followed by webinar !

If they didn't bull$hit the AGM, If production really did BOOOOM BOOOOOM in November & December then we are about to fly grasshoppers !!

FREE FINANCE OPPORTUNITY BLOWN !

Placement at $1.50

Buyback at $1.05 to $1.45 during 2023 was free finance opportunity blown! Not only free but a profit for shareholders ! Shareholders will never ever in there lifetime experience a better missed opportunity ...

No 12% interest for KCN shareholders like Nucharee Loanshark.

No $2,000,000 stupid fee for KCN shareholders after we gave them a $54,000,000 loan from our pockets !

Just a blown 10 month opportunity to reduce placement dilution below placement price blown in favor of burning it in the fire of Conferences / flights/ accommodation / meals / inflight entertainment / taxi's / coconut brooms / Bonuses / Akara T-shirts summer edition release #13 / BMX track construction surveys / free water bottles / free food at the Chatree community charity daily festival carnival fun park !

All paid for by KCN shareholders debt instead of locking in the FREE FINANCE Opportunity blown !

Lesson learned hopefully.

There is going to be some serious lipstick on this pig next week once boomer production is released, but when we are back at $2 don't let Jamie think it was him ! Keep the pressure on or the politicians selfie world tour will resume and prevent us reaching our just 200,000,000 shares on issue / dividend paying monster potential !

Plant #1 refurbishment has reached the testing phase which suggest's it's done baby ! operational within 30 day's !

Lest we forget....

Never forget the unnecessary pain during the 2023 pre-season we all went through as we enter the Gates of Kingsgate Heaven !

PS Fitzroy5...... That 2011 presentation you posted about 2011 was awesome..... know compare awesome presentation to the 2011-2014 total destruction that happened next as they blew the lot ! all burned in the fire ! Not one thing came true that they promised other than -90% shareprice destruction !

Lest we forget, if you see a Disallowed salesman, grab a shovel and tell that salesman the devil is not welcome here !

Lest we forget, Buybacks are boring, but buybacks will make as Rich and prevent Jamie from following in the footsteps of his prestigious predecessors and blow the lot in the devils fire like i fear after this 2023 disaster he is itching to do !

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There is no free finance.

If they were to have done a buy-back, we'd be in an even worse position, with even more very expensive short term debt, potentially with even worse terms, and outstanding for longer.

If the short term debt costs 30% PA, and the buy-back is for up to 30% lower than the raising price, then is it even worth the added risk? (Higher short term debt, and lower cash balance is simply risky)

And the raising at $1.50 is probably only $1.47 after costs.

Though I see the lucky opportunity if the SP was lower than the raising price, at a time when it was safe to do a buy-back (funded by profits).